In late 2015, the CFPB issued the final updated Home Mortgage Disclosure Act rule. The rule nearly doubles the number of data points that all covered entities must track and report, expands the range of nondepository financial institutions subject to HMDA’s reporting requirements, expands the types of transactions that must be reported, and changes the reporting schedule for certain institutions. This detailed resource guide provides essential background about the rule, the individual data points, and the new institutional and transactional coverage requirements. This guide will also be an invaluable resource to help companies start to develop key policies and procedures around self-assessment, data integrity, and data security.

Developed by:

Michael C. Flynn, Partner, Goodwin Procter LLP

Mitchel H. Kider, Managing Member, Weiner Brodsky Kider PC

Leslie A. Sowers, Member, Weiner Brodsky Kider PC

This guide provides the following tangible benefits:

Helps you organize your company to prepare for the new data collection requirements